Weaver Consulting Group Sells 787 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Weaver Consulting Group trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.8% during the 1st quarter, Holdings Channel reports. The firm owned 9,241 shares of the pipeline company’s stock after selling 787 shares during the quarter. Weaver Consulting Group’s holdings in Kinder Morgan were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Fiduciary Group LLC grew its stake in Kinder Morgan by 5.9% in the 1st quarter. Fiduciary Group LLC now owns 16,925 shares of the pipeline company’s stock worth $483,000 after buying an additional 950 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at $307,000. Aaron Wealth Advisors LLC lifted its holdings in shares of Kinder Morgan by 16.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 9,293 shares of the pipeline company’s stock worth $265,000 after acquiring an additional 1,329 shares during the last quarter. Arbor Capital Management Inc. ADV grew its position in Kinder Morgan by 2.6% in the first quarter. Arbor Capital Management Inc. ADV now owns 78,504 shares of the pipeline company’s stock worth $2,257,000 after acquiring an additional 1,985 shares in the last quarter. Finally, Rossby Financial LCC increased its stake in Kinder Morgan by 1.7% in the first quarter. Rossby Financial LCC now owns 56,005 shares of the pipeline company’s stock valued at $1,504,000 after acquiring an additional 932 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Barclays reiterated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $30.29.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.49 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The firm has a market cap of $63.31 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The business has a 50 day moving average price of $27.74 and a 200-day moving average price of $27.51.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.11%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.